Remodeled Office
For Sale
Contact for pricing
3131 Superior Dr NW, Rochester, MN 55901
Two-level configuration includes private rooms, restroom, and break room for office or medical use.
Property Size1,890 SF
Price / SF$224.87
Days on Market201
Property Features for 3131 Superior Dr NW
General Information
Standard status
Active
Size
1,890 SF
Property subtype
OFFICE
Additional Details
Office Units
1
Building Details
Buildings
1
Listing Agency:
Hamilton Real Estate
(507) 271-5553
Listed By:
Ari Kolas
(507) 271-5553
Source:
Moodyscre
Added: Jan 12
Changed: Jul 31
Last Checked: Jul 31 at 11:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hamilton Real Estate
Investment Insights
Based on property information with market context.
This 1,890 SF commercial building offers flexible office or medical space across two levels. The upstairs includes 900 SF with four offices and has been newly remodeled with bright, natural light. The 990 SF downstairs suite features three private rooms, a restroom, and a break room.
The property has a shared upper-level entrance and a private lower-level entrance, providing separate access options for the two suites. It is located within a professionally managed business condominium complex at 3131 Superior Dr NW in Rochester, Minnesota.
The property has a shared upper-level entrance and a private lower-level entrance, providing separate access options for the two suites. It is located within a professionally managed business condominium complex at 3131 Superior Dr NW in Rochester, Minnesota.
Key Highlights
- 1,890 SF commercial building with office or medical space
- Upstairs 900 SF includes 4 offices and is newly remodeled
- Downstairs 990 SF suite includes 3 private rooms, restroom, and break room
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.0k | $27.00 |
| − Vacancy | −$4.6k | −$2.43 |
| EGI | $46.4k | $24.57 |
| − OpEx | −$11.6k | −$6.14 |
| NOI | $34.8k | $18.43 |
1,890 SF · lease $27.00/SF/yr · vacancy 9.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$497.5K
$435.4K – $580.5K
NOI $34,828 @ 7.0% cap · market cap 8.19%
Second Best
Healthcare Medical
$335.9K
$293.9K – $391.9K
NOI $23,515 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$727.9K
$637.0K – $849.3K
NOI $50,956 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Explore this area
Business Placement
Demographics for 55901, MN
58,046
Population
24,852
Households
2.3
Avg Household Size
36
Median Age
50%
College-Educated
94%
High-School Grad
33.1 sq mi
ZIP Area
1,754
Density / Sq Mi
$90,430
Median Household Income
$52,778
Median Earnings
$1,321
Median Rent
$290,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two-level configuration includes private rooms, restroom, and break room for office or medical use.
Where is this office units located?
The property is located at 3131 Superior Dr NW Rochester, MN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,890 SF commercial building with office or medical space; Upstairs 900 SF includes 4 offices and is newly remodeled; Downstairs 990 SF suite includes 3 private rooms, restroom, and break room
